In recent years, the Gulf of Evia, located in the northern part of Greece, has become one of the most sought-after real estate investment destinations in Europe.
In recent years, the Gulf of Evia, located in the northern part of Greece, has become one of the most sought-after real estate investment destinations in Europe. The region, which includes Scorponaria, Eretria and parts of Chalkida, attracts investors from all over the world looking to combine high financial returns with an exceptional quality of life. With spectacular views, picturesque beaches and limited land availability, the Gulf of Evia offers a rare investment opportunity that combines high profit potential with unprecedented natural charm.
The demand for land in the Gulf of Evia is increasing, driving property prices upwards. The area, which combines natural beauty with high accessibility (only 90 minutes drive from Athens), has become a hot spot for investors interested in luxurious vacation homes or long-term real estate projects. Due to land supply restrictions and strict building regulations aimed at preserving the area’s natural character, land prices start at €120,000 per half a dunam and can reach €300,000, depending on location and proximity to the coast.
The growing demand also stems from the region’s tourism potential. Greece is known as a leading tourist destination, but the Gulf of Evia remains a “hidden gem” that has not yet reached its peak. Investors can enjoy annual returns of 6%-8% on rental properties, with even higher potential in luxury tourism projects.
One of the key factors in the region’s success is its stunning natural beauty. The Gulf of Evia offers clean beaches, clear waters, green mountains and stunning views. The combination of wild nature with a high quality of life makes the area an ideal destination for investors looking to build holiday homes or enjoy dream vacations.
The area’s mild climate, with warm summers and mild winters, increases its appeal. Tourists and investors are attracted not only by the natural beauty but also by the calm and relaxing atmosphere that the Gulf of Avia offers.
Private Real Estate: Purchase of land or existing properties for the development of luxury vacation homes. The growing demand for short-term rentals ensures a stable and significant return on investment.
Tourism Projects: Development of resort complexes, boutique hotels or villas for rent. The tourism potential of the area promises high returns for investors with a business vision.
Land Investments: Purchase of strategic plots for long-term profits, with the expectation of further increase in value. The limited supply of land ensures a continuous increase in prices.
Prices in their early stages: Despite the increase in prices, Evia Bay remains a significant growth potential compared to more prestigious destinations in Greece such as Mykonos or Santorini.
High Returns: The growing demand for tourism and the potential for luxury rentals guarantee attractive returns in the short and long term.
Limited Supply: The restrictions on The availability of land and construction ensures that property values will continue to rise, making investments safe and profitable.
Investor-friendly tax policy: The Greek government encourages foreign investment through various tax incentives, such as property tax breaks for property buyers.
Advanced infrastructure: The region benefits from continuous improvements in infrastructure, including modern roads, a developed port, and easy access to public transportation.
The increase in foreign investment in the Gulf of Agia Paraskevi has significantly improved the local economy. Every year, more tourist projects, luxury hotels, and rental villas are opened, creating new jobs and increasing the value of land and property.
The growing interest of international investors is also encouraging local business development, with new restaurants, boutique shops, and premium services tailored to the high-end clientele visiting the region.
Forecasts show that land and property prices in the Gulf of Agia Paraskevi will continue to rise, especially due to the restrictions on construction that make every available plot of land very valuable.
In the coming decade, foreign investors are expected to continue to acquire properties and develop the area, which will directly contribute to economic growth and enhance the attractiveness of Avaya Bay as an investment destination.
Summary
Avaya Bay is not only a charming tourist destination; it is also a unique investment opportunity that combines high financial returns with an excellent quality of life. Whether you are looking for an investment property, future land properties or a dream vacation home, Avaya Bay offers all the advantages in one place. With still attractive land prices, increasing demand and modern infrastructure, investing in the area is undoubtedly a smart decision for the long term.